The Bitcoin Fund, became the first bitcoin fund to be listed on a major stock exchange

On April 9, 2020, a significant event in the financial and cryptocurrency world took place: the first public Bitcoin fund was listed on a major stock exchange. The fund, known as ‘The Bitcoin Fund’, was launched by Canadian asset manager 3iQ and listed nearly 1.5 million Class A ‘QBTC.U’ shares on the Toronto Stock Exchange (TSX). 

3iQ, the Canadian fund manager, became the first firm to launch a fund tied to Bitcoin on the TSX after three years of legal wrangling with the Ontario Securities Commission (OSC).

The fund provided a vehicle for mainstream investors to gain exposure to Bitcoin without having to worry about the complexities of cbitcoin security or custody.

The Winklevoss twins’ crypto exchange Gemini acted as the custodian for ‘The Bitcoin Fund’, ensuring the security of the assets.